Analysis
UCSB's economics program delivers exceptional value that often gets overshadowed by Stanford and Berkeley. Starting at $66,334 and climbing to $88,311 within four years, graduates here earn more than 80% of economics majors across Californiaβdespite paying roughly $3,300 less in debt than the state average. That debt-to-earnings ratio of 0.20 means graduates could theoretically pay off their loans in less than three months, one of the best positions we've seen for any economics program.
What makes this particularly compelling is the trajectory: 33% earnings growth in three years suggests UCSB grads are landing roles with genuine advancement potential, not just entry-level positions that plateau. The gap between UCSB ($88,311 at year 4) and Berkeley ($80,446 at year 1) narrows considerably when you account for four years of earnings and career progression. And compared to private alternatives like Santa Clara ($76,606), UCSB delivers similar outcomes at a fraction of the total cost for in-state students.
For California families, this is straightforward: UCSB offers top-tier economics training and outcomes at UC pricing. Your child gets access to a selective program (28% admission rate) that outperforms 87% of economics programs nationally, with minimal debt burden. Unless your student is choosing between this and Stanford or a full-ride elsewhere, UCSB economics represents one of the strongest return-on-investment scenarios in the state.
Where University of California-Santa Barbara Stands
Earnings vs. debt across all economics bachelors's programs nationally
Earnings Distribution
How University of California-Santa Barbara graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of California-Santa Barbara | $66,334 | $88,311 | +33% |
| Stanford University | $98,104 | $127,416 | +30% |
| Claremont McKenna College | $89,505 | $115,832 | +29% |
| University of California-Berkeley | $80,446 | $106,624 | +33% |
| Santa Clara University | $76,606 | $102,794 | +34% |
Compare to Similar Programs in California
Economics bachelors's programs at peer institutions in California (55 total in state)
Scroll to see more β
| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,965 | $66,334 | $88,311 | $13,516 | 0.20 | |
| $62,484 | $98,104 | $127,416 | $12,500 | 0.13 | |
| $64,150 | $89,505 | $115,832 | $12,000 | 0.13 | |
| $14,850 | $80,446 | $106,624 | $13,000 | 0.16 | |
| $59,241 | $76,606 | $102,794 | $19,500 | 0.25 | |
| $62,326 | $70,051 | $100,669 | β | β | |
| National Median | β | $51,722 | β | $22,816 | 0.44 |
Career Paths
Occupations commonly associated with economics graduates
Economists
Environmental Economists
Data Scientists
Business Intelligence Analysts
Clinical Data Managers
Statisticians
Biostatisticians
Economics Teachers, Postsecondary
Market Research Analysts and Marketing Specialists
Search Marketing Strategists
Secondary School Teachers, Except Special and Career/Technical Education
Survey Researchers
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At University of California-Santa Barbara, approximately 28% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Sample Size: Based on 301 graduates with reported earnings and 294 graduates with debt data. Small samples may not be representative.